Committee Approval
The Risk Management Committee of the Board of Directors approved the provision of hypothecation, pledge and other support on 27 May 2026.
Transaction Details
The security is being provided in relation to facilities availed from Aseem Infrastructure Finance Limited ("Lender") by two subsidiaries:
- Clean Max Emerald Private Limited - INR 108 Crore
- Clean Max Teton Private Limited - INR 61 Crore
Total security amount: INR 169 Crore
Transaction Nature
The promoter/promoter group/group companies have no interest in this transaction. The hypothecation, pledge and other support are provided at arm's length.
Financial Impact
The hypothecation, pledge and other support provided are considered contingent liability for the Company. As of the disclosure date (27 May 2026), there is no immediate impact of these guarantees on the Company. The support has been provided on behalf of the subsidiaries which form part of the consolidated group.
Additional Information
The disclosure will be made available on the Company's website at www.cleanmax.com.